What Happened to MinusCal Bars after Shark Tank Pitch?
What is MinusCal Bars?
MinusCal Bars was protein bars that contain chemicals that inhibit the small intestine from absorbing the fat in the bar, perhaps resulting in weight loss.
The bars come in three varieties: chocolate, peanut butter, and apple cinnamon.
Who was the inventor of MinusCal Bars?
Barrett Jacques and his colleague Crom Carmichael created Minus Cal as a protein fitness bar to prevent fat absorption.
This product contains choleve extract, which is found in fermented green tea. Barret Jacques, according to his LinkedIn page, is no longer playing Minus Cal and is currently working in business development in Tennessee.
Barrett Jacques has experience in business development with private companies.
He came up with the idea for Minus Cal while researching nutrients for a protein bar.
Jacques found choleve as a component that is both healthy and permits the protein bar to retain its flavour.
Choleve has been found as a nutrient that may aid in cholesterol reduction.
The product’s purpose was to provide speedier advantages in terms of lower fat absorption, which would result in faster weight loss.
Choleve is a dietary supplement, not a medicine. Tea-derived supplements are classified as “generally recognized as safe” by the FDA. The Choleve is responsible for Minus Cal’s ability to make a fat-blocking claim.
It was initially meant to help patients lower their cholesterol, but study discovered that it also helped with weight loss.
What Happened to the MinusCal Bars During the Shark Tank Pitch?
Barrett and Crom went on Shark Tank season 11 episode 1 in pursuit of $500,000 in exchange for a 20% share in their business. This equates to a $2.5 million appraisal.
Before handing out samples, they do a song and dance detailing how the product works.
The Sharks are baffled as they attempt to explain Choleve. The issue arose when they tried to discuss its cholesterol-lowering properties.
They claim that the bars are advertised as a nutritional bar rather than a weight loss product, but Robert points out that the words “weight loss” are printed on the package.
Mark and Crom disagreed on the veracity of their scientific research.
Finally, all of the Sharks leave, and Mark advises the audience not to purchase this “scam product.” It was a terrible pitch.
What Happened to MinusCal Bars Following Shark Tank Pitch?
Minus Cal’s Facebook page was last updated in November of this year.
Their presence on the show had a negative impact on their sales, and the company went out of business as a result. Apparently, the general public heeded Mark’s advice. This firm will cease operations in July of 2020.
What is MinusCal Bars’s Net Worth?
Barrett and Crom went on Shark Tank season 11 episode 1 in pursuit of $500,000 in exchange for a 20% share in their business. This equates to a $2.5 million valuation.
Who were MinusCal Bars’ Competitors?
MinusCal Bars was competing in the market with other brands such as Builtbar and Premier Protein.
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MinusCal Bars FAQS
1. What exactly were MinusCal Bars?
MinusCal Bars was protein bars that contained chemicals that inhibited the body’s ability to absorb fat.
2. Who was the inventor of MinusCal Bars?
Barrett Jacques and his colleague Crom Carmichael created Minus Cal as a protein fitness bar to prevent fat absorption.
3. What were flavours of MinusCal?
MinusCal bars were in three flavours: Chocolate, Peanut Butter and Apple Cinnamon.
4. What exactly is Choleve?
According to the producers, Choleve is a customized “combination of fermented tea extract that works by preventing fat absorption in the small intestine.”
5. How much was Barrett Jacques and Crom Carmichael seeking in the Shark Tank?
Crom and Barrett were seeking $500,000 in exchange for 20% of the business.
6. Who was MinusCal Bars’ Competitors?
MinusCal Bars was competing in the market with other brands such as Builtbar and Premier Protein.
7. Who invested in MinusCal Bars?
None of the Sharks were willing to invest in MinusCal Bars.
8. What happened to MinusCal Bars after the Shark Tank?
Their presence on the show had a negative impact on their sales, and the company went out of business as a result.
Apparently, the general public heeded Mark’s advice. This firm will cease operations in July of 2020.
9. Where is MinusCal Bars now?
MinusCal Bars will cease operations in July of 2020 when it will be no longer available for sale.
10. What is net worth of Crom Carmichael?
Crom Carmichael net worth is $15 Million.
11. Where were of MinusCal made?
MinusCal was made in Tennessee.
12. Where is Barrett Jaques now?
Barrett Jacques is currently Director of Business Development at MetaPhy Health in Tennessee.
13. Does Choleve block fat?
Choleve decreases fat absorption by 12% while causing no negative effects. Theoretically, reducing fat absorption should aid in weight reduction.
14. How Barrett Jacques did came up with the idea?
He came up with the idea for Minus Cal while researching nutrients for a protein bar.
Jacques found choleve as a component that is both healthy and permits the protein bar to retain its flavour.
15. What was the price of MinusCal bars?
The price of a Minus Cal bar was $2.50 to $3.50 for one bar, depending on flavour.
16. How to contact MinusCal Bars?
There are no longer in business.
17. How much sugar were there in MinusCal?
The bars have over 9 grams of protein, 11 grams of fibre, and 4 to 6 grams of sugar.
18. How many calories were in MinusCal?
The bars have over 200 calories per bar.
19. Is Choleve safe?
Choleve is safe for consumption, according to the American Heart Association, although it contains some cereal fibre powder. It has been tested and certified as “generally recognized as safe” by the FDA. All ingredients are organic.
20. Is Choleve high in cholesterol?
The product does not contain any cholesterol or saturated fat, but the ingredient are considered to be fat-fighting agents, which is why they can reduce fat absorption.
